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$615,000 -$20,000 (-3.15%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,728 Sq. Ft.
  • Updated 2 days ago
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Fully updated single story home and horse property on 9.4 acres of pasture, offering 3 bedrooms, 2 bathrooms, and 1,728 sqft with a partially finished basement. Recent updates include new roof, new interior and exterior paint, new vinyl plank flooring, new carpet, and fully updated kitchen and bathrooms. Interior features include built in bookshelves, a large laundry room, and a electric fireplace in the living room. Step outside to a covered deck and wrap around porch with beautiful views, perfect for enjoying peaceful country surroundings. The property includes a 60x36 insulated shop and barn, is fully fenced and landscaped, and offers plenty of room for animals, hobbies, and RV or boat storage. Additional upgrades include updated PEX plumbing and a 1500+ gallon water tank. A great opportunity for turnkey country living just minutes from town. Schedule your showing today!

Full Property Details for 40235 Rainbow Dr

General

  • Price: $615,000
  • Taxes: $4,556 (2025)
  • Status: Active
  • Type: Single Family
  • Source: RWMLS
  • MLS ID: 642460667
  • Updated: 8/28/2026
  • Added to Site: 123 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s), Luxury Vinyl Plank, Wall to Wall Carpet
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Appliances: Built-in Oven, Dishwasher, Disposal

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main - Full Baths: 2

Bedrooms

  • Total Bedrooms: 3
  • Primary Bedroom: Main

Exterior

  • Exterior Features: Barn(s), Covered Deck, Covered Patio, Fenced, Outbuilding, Porch, RV Parking, RV/Boat Storage, Yard

Parking

  • Parking Features: Driveway

Location

  • County: Linn
  • Driving Directions: Richardson Gap Rd

School Information

  • Elementary School: Centennial
  • Middle School: Scio
  • High School: Scio

Community

  • Community Name: 221 - Linn County

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Window Unit(s)
  • Heating Type: Baseboard
  • Heating Fuel: Electricity

Utilities

  • Sewer: Standard Septic
  • Water: Well
  • Well: Yes

Structural Information

  • Property Detached: Yes
  • Architectural Style: 1 Story, Ranch
  • Basement Desc.: Crawl Space, Partially Finished
  • Roof: Composition
  • Stories/Levels: 1
  • Square Feet: 1,728
  • Year Built: 1970
  • Property Condition: Resale

Lot Features

  • Lot Size (Acres): 9.4
  • Lot Size (Sq. Ft.): 409,464
  • Lot Size: 7 to 9.99 Acres
  • Frontage: Gravel
  • Lot Features: Gentle Sloping, Level, Pasture, Pond, Private, Trees

Financial Considerations

  • Tax Amount: $4,556.62
  • Tax Year: 2025
  • Terms: Call Listing Agent, Cash, Conventional, USDA Loan, VA Loan

Disclosures and Reports

  • Legal Description: 11S01W1000
  • Disclosures/Reports: Disclosure
  • Property ID: 55851

Listed by Real Broker (855) 450-0442, Billy Scott (541) 619-1632

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Listing agent

— 40235 Rainbow Dr —

  • Billy Scott

    Real Broker

    855-450-0442

541-619-1632

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 40235 Rainbow Dr

School District:Lebanon Community School District 9
NameGradesDistance
Lacomb School
34110 East Lacomb Road, Lebanon, OR 97355
K-84 mi
Lebanon High School
1700 South 5th Street, Lebanon, OR 97355
9-128.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 40235 Rainbow Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/28/2026
Price Reduced
$615,000
-3.15%
MLS
7/28/2026
Price Reduced
$635,000
-4.51%
MLS
7/08/2026
Price Reduced
$665,000
-2.92%
MLS
6/12/2026
Price Reduced
$685,000
-2.14%
MLS
4/30/2026
Listed
$699,999
150%
MLS
2/01/2012
Sold
$280,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 40235 Rainbow Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,557
5%
$328,960
5%
2024
$4,350
3%
$312,620
3%
2023
$4,234
6%
$303,520
6%
2021
$3,976
-4%
$286,100
-3%
2022
$4,144
4%
$294,680
6%
2021
$3,976
3%
$277,770
3%
2019
$3,847
-48%
$269,680
3%
2018
$7,460
103%
$261,830
3%
2017
$3,674
2%
$254,210
3%
2016
$3,591
3%
$246,810
3%
2015
$3,471
2%
$239,630
3%
2014
$3,402
66%
$232,660
63%
2013
$2,045
—
$142,790
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 40235 Rainbow Dr

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Listed by Real Broker (855) 450-0442, Billy Scott (541) 619-1632

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265 S 7th St  Jefferson, OR 97352

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Price Reduced near 40235 Rainbow Dr

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1485 E Santiam St, Stayton, OR 97383 - Photo 1 Price Reduced
-$15,000 (-3.5%)
$414,000

1485 E Santiam St  Stayton, OR 97383

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Listed By: CHANDY. BALDONI | Homesmart Realty Group and DANA. SCHELL | Homesmart Realty Group - Keizer
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173 Ferry St  Jefferson, OR 97352

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  • 4
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Listed By: KATY. ROSECRANS | Stellar Realty Northwest
1485 E Santiam St, Stayton, OR 97383 - Photo 1 Price Reduced
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1137 N 4th Ave, Stayton, OR 97383 - Photo 1 Price Reduced
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Recent Sales near 40235 Rainbow Dr

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36080 Richardson Gap Rd, Scio, OR 97374 - Photo 1 Sold
$645,000

36080 Richardson Gap Rd  Scio, OR 97374

  • Manufactured Home
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  • 3
    Beds
  • 2
    Total Baths
  • 1,512
    Sq. Ft.
Listed By: AMANDA. BORGARO | Premiere Property Group, Llc Albany
Sold by JOEL. BUMGARNER | Redfin
38160 Franklin Butte Rd, Scio, OR 97374 - Photo 1 Sold
$595,000

38160 Franklin Butte Rd  Scio, OR 97374

  • Single Family
  • Sold
  • 3
    Beds
  • 2
    Total Baths
  • 1,491
    Sq. Ft.
Listed by Real Broker, Josh Scott
Sold by Non Rmls Broker, OR and WA Non Rmls
38160 Franklin Butte Bl, Scio, OR 97392 - Photo 1 Sold
$595,000

38160 Franklin Butte Bl  Scio, OR 97392

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Listed By: JOSH. SCOTT | Real Broker
Sold by MIELI. HANSEN | Bst Realty, Llc
43288 Rodgers Mountain Lp, Scio, OR 97374 - Photo 1 Sold
$650,000

43288 Rodgers Mountain Lp  Scio, OR 97374

  • Single Family
  • Closed
  • Updated 12 days ago
  • 3
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  • 2
    Total Baths
  • 1,828
    Sq. Ft.
Listed By: NICK. SHIVERS | Exp Realty, Llc and MATTHEW. UMBERGER | Exp Realty, Llc
Sold by MATTHEW. UMBERGER | Exp Realty, Llc

40235 Rainbow Dr, Scio, OR 97374 (MLS# 642460667) is a Single Family property with 3 bedrooms and 2 full bathrooms. 40235 Rainbow Dr is currently listed for $615,000 and was received on April 30, 2026. Want to learn more about 40235 Rainbow Dr? Do you have questions about finding other Single Family real estate for sale in Scio? You can browse all Scio real estate or contact a Coldwell Banker agent to request more information.

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